London-based oil giant BP (formerly called British Petroleum) had its objections to a million-dollar settlement to pay for families and businesses that were affected by the 2010 oil spill it caused in the Gulf of Mexico heard at the 5th U.S. Circuit Court of Appeals on Monday, November 4.
BP is primarily concerned that it will have to pay fake or inflated claims made by fraudulent businesses.
The company is paying damage claims that resulted from the sinking and subsequent oil spill from its Deepwater Horizon oil platform off the coast of Louisiana on April 20, 2010.
As of Friday, October 28, BP has already made payments to 38,000 people and businesses for a sum of $7.8 billion. The company started challenging the agreed-upon $7.8 billion total settlement amount when claims administrator Patrick Juneau said in January of this year that he would allow businesses to change how they compute payout amounts.
If your business has been affected by the 20010 Gulf of Mexico oil spill, but you’ve had your initial claim denied, hiring an attorney to help you with the appeal is often essential. With the help of our attorneys at the Williams Kherkher, who have a 75% success rate when it comes to handling claims of this nature, you might stand a better chance of getting the outcome you need and want. Call us today at 800-821-1544.